ServiceMax Merges With SPAC, Acquires Salesforce Partner LiquidFrameworks
Summary
LiquidFrameworks is a Salesforce cloud partner that develops mobile field operations management solutions for the energy sector. When the Pathfinder deal closes, ServiceMax will become a publicly traded company, and is expected to be listed on the Nasdaq Stock Exchange under the symbol “SMAX”. The timeline includes: • 2018: GE, struggling with its own core business and associated debt, sold a majority stake in ServiceMax to Silver Lake. A SPAC or “blank check” company is designed to raise funds in an initial public offering (IPO) with the aim of acquiring a private business. We’re not suggesting that’s the case for ServiceMax, though we will continue to track the company’s performance closely as it shifts to publicly held status.
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Fintech & Banking
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Customer Service & Support
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